Andrea's Feed
May 6, 2015

Exclusive: Boeing poised to clinch $3 billion-plus Kuwait F/A-18 order

WASHINGTON (Reuters) – Kuwait is expected to announce in coming weeks an order for 28 Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz) F/A-18E/F Super Hornets, a $3 billion-plus deal that will keep the jets’ St. Louis production line running well into 2019, according to people familiar with the deal.

Kuwait, which operates a fleet of earlier F/A-18 models, has signed a formal letter stating its firm plans to buy newer-model Boeing jets, according to one of the people who is familiar with the deal but was not authorized to speak publicly.

May 6, 2015

Obama expected to push for Gulf missile defense at U.S. summit

WASHINGTON, May 6 (Reuters) – President Barack Obama is
expected to make a renewed U.S. push next week to help Gulf
allies create a region-wide defense system to guard against
Iranian missiles as he seeks to allay their anxieties over any
nuclear deal with Tehran, according to U.S. sources.

The offer could be accompanied by enhanced security
commitments, new arms sales and more joint military exercises,
U.S. officials say, as Obama tries to reassure Gulf Arab
countries that Washington is not abandoning them.

May 6, 2015

U.S. Air Force says may revisit rocket plan if firms do not respond

WASHINGTON (Reuters) – The U.S. Air Force may have to revisit its strategy to develop a new U.S.-fueled launch vehicle aimed at ending American reliance on Russian rocket engines if U.S. companies fail to bid to build prototypes for the government, a senior general said Tuesday.

Lieutenant General Ellen Pawlikowski, the Air Force’s top military acquisition official, said she had received positive feedback from some companies about a draft request for proposals on the Air Force’s approach, but other companies were “not so happy”. She declined to name the firms.

Apr 30, 2015

U.S. Navy warns Congress that piecemeal cruiser upgrades costly

WASHINGTON, April 30 (Reuters) – U.S. Navy Secretary Ray
Mabus on Thursday warned that congressional plans for a
piecemeal modernization of 11 cruisers would cost billions of
dollars more than the Navy’s original plan and meant the
warships would have to be retired earlier.

Mabus acknowledged concerns voiced by some lawmakers that
the Navy secretly planned to decommission 11 cruisers instead of
modernizing them, but said “not one of those things is correct.”

Apr 29, 2015

U.S. Air Force sees launch prototype contracts as soon as September

WASHINGTON, April 29 (Reuters) – The U.S. Air Force said on
Wednesday it could award contracts for prototypes of new
U.S.-fueled launch vehicles as early as September, a key step to
ending U.S. reliance on using Russian rocket engines to launch
military and intelligence satellites.

Air Force Secretary Deborah James told a subcommittee of the
Senate Armed Services Committee that the Air Force planned to
use a different contract type called “other transactional
authority,” instead of a standard defense contract to accelerate
the process, given the urgency Congress has put on developing a
homegrown engine.

Apr 29, 2015

U.S. Air Force plans to launch 1990s-built weather satellite

WASHINGTON (Reuters) – The U.S. Air Force on Wednesday said it plans to launch an aging weather satellite at an expected cost of hundreds of millions of dollars to prevent a gap in forecasting capability and provide another competitive launch opportunity for privately held Space Exploration Technologies Inc, or SpaceX.

General John Hyten, who heads Air Force Space Command, and Air Force Secretary Deborah James, said a decision had been made to launch the Defense Meteorological Satellite Program (DMSP) Flight 20 satellite, which was built in the 1990s.

Apr 29, 2015

Northrop first-quarter earnings fall, but 2015 outlook raised

By Andrea Shalal

(Reuters) – U.S. arms maker Northrop Grumman Corp (NOC.N: Quote, Profile, Research, Stock Buzz) on Wednesday said first quarter earnings were weakened by pension adjustments and tighter aerospace margins, but profits and sales topped Wall Street forecasts and the company raised its full year outlook.

Northrop, which makes unmanned planes and electronic equipment, posted a 16 percent drop in net earnings and a 2 percent increase in revenue, while operating margin from its business segments dipped to 12.3 percent from 12.9 percent.

Apr 29, 2015

Northrop 1st-qtr earnings fall, but 2015 outlook raised

April 29 (Reuters) – U.S. arms maker Northrop Grumman Corp
on Wednesday said first quarter earnings were weakened
by pension adjustments and tighter aerospace margins, but
profits and sales topped Wall Street forecasts and the company
raised its full year outlook.

Northrop, which makes unmanned planes and electronic
equipment, posted a 16 percent drop in net earnings and a 2
percent increase in revenue, while operating margin from its
business segments dipped to 12.3 percent from 12.9 percent.

Apr 29, 2015

General Dynamics beats Street with higher first-quarter profit, revenues

By Andrea Shalal

(Reuters) – U.S. weapons maker General Dynamics Corp (GD.N: Quote, Profile, Research, Stock Buzz) on Wednesday reported higher-than-expected earnings and revenues for the first quarter, sending its shares up 4 percent.

General Dynamics, maker of Gulfstream business jets as well as ships, tanks and other military equipment, said net earnings rose 20 percent to $716 million, or $2.14 per share, from $595 million, or $1.71 per share, a year earlier. Revenues gained 7.1 percent to $7.78 billion from $7.26 billion.

Apr 29, 2015

General Dynamics beats Street with higher 1st-qtr profit, revs

April 29 (Reuters) – U.S. weapons maker General Dynamics
Corp on Wednesday reported higher-than-expected earnings
and revenues for the first quarter, sending its shares up 4
percent.

General Dynamics, maker of Gulfstream business jets as well
as ships, tanks and other military equipment, said net earnings
rose 20 percent to $716 million, or $2.14 per share, from $595
million, or $1.71 per share, a year earlier. Revenues gained 7.1
percent to $7.78 billion from $7.26 billion.